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Dec 30, 2012
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now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it appears as though the debt ceiling is not part of that. this is a huge nonstarter for republicans in the house. they want any dollar and increase of the debt ceiling to also invol a dollar in cuts over 10 years. if they don't have those corresponding cuts, it is unlikely that many of them will vote for an increase in the debt ceilin removing them from the equation helps pave the way, at least for what will really be described as a stopgap proposal, one to avoid the full impact of the fiscal cliff. it will allow congress to again take another crack at finding some way to deal with s
now he is leaving it up to the two leaders in the u.s. senate try to reach a compromise. something perhaps along the line of what is being negotiated between the speaker and the president a couple of weeks ago. perhaps a tax increase for amounts of more than $400,000 or $500,000 per year. also, senate leaders want to includsomething on the este tax, according to a white house official. we'll can also be key to this is that the white house officials are also telling fox news and ed henry that it...
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Dec 31, 2012
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check u.s. futures as well as how trading taking place overseas. futures in the united states in positive territory. s&p as well as the dow could be down dramatically. let's day can a look at hong kong, the hang seng is actually down, here is what we'll know more of the outlook for the first quarter has for some time anticipated a significant slowdown in response to the fiscal drag and fiscal debate. we're not to alter the forecast. they sent a note to their clients. virtual standing by live on capitol hill to see if there is something coming out of washington, d.c. >> reporter: good evening. talks are continuing this evening between the vice president joe biden and mitch mcconnell. they were making some sense of progress there. this is after two stop soldiers, mitch mcconnell and harry reid failed to make much progress through tonight and this morning. harry reid went home earlier this yeeng and biden and mcconnell were taking point on the negotiations. they worked out a deal couple years ago for unemployment insurance that cut the social security
check u.s. futures as well as how trading taking place overseas. futures in the united states in positive territory. s&p as well as the dow could be down dramatically. let's day can a look at hong kong, the hang seng is actually down, here is what we'll know more of the outlook for the first quarter has for some time anticipated a significant slowdown in response to the fiscal drag and fiscal debate. we're not to alter the forecast. they sent a note to their clients. virtual standing by...
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Dec 30, 2012
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. >> 73 in the u.s. senate, is a youth member, and that is where the vice president's roots are and yes, i think he'll make a decision sometime later, put to keep his options open, he'll be courting donors and activists in ohio and new hampshire and elsewhere. >> i think the implementation of obamacare will be the political story of 2013. the rise in cost in premiums, dislocations on the job, more people put into part-time status. controversy over the start of the exchanges, with republican governors refusing to do it in their states. and, the loss of employer-based health coverage. for a lot of people, you have to remember, president obama campaigned by saying, if you like your coverage now, you can keep it. that will be put to the test, this year. >> chris: kirsten? >> i think that based on what happened in the last election, the republicans finally realized, for political reasons, they will have to start to look at immigration reform, something the president wanted to do before, but, really couldn't,
. >> 73 in the u.s. senate, is a youth member, and that is where the vice president's roots are and yes, i think he'll make a decision sometime later, put to keep his options open, he'll be courting donors and activists in ohio and new hampshire and elsewhere. >> i think the implementation of obamacare will be the political story of 2013. the rise in cost in premiums, dislocations on the job, more people put into part-time status. controversy over the start of the exchanges, with...
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>>> you're looking at a very familiar picture that is a live picture of the u.s. capitol. why? because we are moments away from the u.s. senate right there convening for a rare sunday session. we are expecting to hear from republican leader mitch mcconnell, maybe even senate majority leader harry reid, as of now so far as we know there is no fiscal cliff deal, but negotiations primarily betweens those two men are going on even as we speak or between their staffs. we're hearing a new sense of optimism from some senate members who believe they might be able to pass some kind of minimalist package that would keep tax rates from going up on the majority of americans. i want to go to capitol hill and cnn's senior congressional correspondent dana bash. dana, is that the sense you get that somehow we should be optimistic about whatever it is that's going on? >> you know, as we talked about before, you definitely get a feeling or the atmosphere here is that there is progress being made but in the same breath, but, there are still thingsing to worked out. as we wait for what we generall
>>> you're looking at a very familiar picture that is a live picture of the u.s. capitol. why? because we are moments away from the u.s. senate right there convening for a rare sunday session. we are expecting to hear from republican leader mitch mcconnell, maybe even senate majority leader harry reid, as of now so far as we know there is no fiscal cliff deal, but negotiations primarily betweens those two men are going on even as we speak or between their staffs. we're hearing a new...
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Dec 30, 2012
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then there are restrictions on u.s. exporters, lower tariffs in good deal for them. awaiting the attention of lawmakers and again, they are not even paying any attention. and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied her claim a she got no lp from the government. take a look at ths. they got her back in the business. it pretty awesome, right? the party of procrastination can take a lesson from the small-business oer in staten island, w york. congress has nothing to show for itself after two years. coming up next, how the massive gains in the fiscal cliff could impact your 401k and the economy. stay with us gerri: you make it, they take it. 23.8% is the raise that policymakers will see on capital gains. chris edwards joins me now. he is director for tax policy studies at the cato institute.
then there are restrictions on u.s. exporters, lower tariffs in good deal for them. awaiting the attention of lawmakers and again, they are not even paying any attention. and today, they are threatening to do something with the hurricane sandy relief bill. the hurry up and get it done attitude of small-business owners. a 9foot wave of flood water hit her store. she has picked up the pieces and opened her doors for business. despite losing all her equipment and furnishings, her insurance denied...
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Dec 29, 2012
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that is what they're doing in japan in the u.s. that is what is using the market . tom: you are kind of a macro guy. you looked at the broad market place. i have to ask you. is the marketplace bigger than washington to act even though they are dunderheads down their running the place, and i know they make a lot of policy. and we, the media, give them a lot of attention. doesn't the market cycle override what they can do? >> this is a global collapse. pick up today's wall street journal. read what's going on in amsterdam with prime property being vacant. look at what is going on in spain. millions of people taking to the streets. they still call it a recession with 25 percent unemployment in spain, greece. things are getting worse everywhere. the austerity measures, what austerity measures? i got one. make a story. i'll make a bad bet. i don't want to take my losses. of take the money from you, mr. citizen. of tax you more, cat your services. what you do did you will pay more for my note that your pension and benefits. tom: how does all this in? we wind up with pitch
that is what they're doing in japan in the u.s. that is what is using the market . tom: you are kind of a macro guy. you looked at the broad market place. i have to ask you. is the marketplace bigger than washington to act even though they are dunderheads down their running the place, and i know they make a lot of policy. and we, the media, give them a lot of attention. doesn't the market cycle override what they can do? >> this is a global collapse. pick up today's wall street journal....
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Dec 27, 2012
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the dow staged and pulled lower today by u.s. senator harry reid and the idea that the markets would send the markets higher in late trading and even though the gains latt in the kay were trimmed. mitch wok nell tock to the fleb vp strategy. the weaker performers were financial, materials as well as utilities among the sectors offsetting late-day games we saw in discretionary and staple stocks low on initial consumer sentiment and the cliff. home builders today finished something very good. november home sales for strong continue once again. of course, now all eyes to this weekend to see what hang will done about the cliff. back to you. >> if, at all. thank you, mary. housing is clicking on all cylinders right now. home prices up nearly 7 boston this year making it the first yearly gain we've seen in housing six 2006. that's unbelievable. >> it is unbelievable. >> look the november numbers. 14.5% jump in existing home sales. mary mentioned the 15% increase in new home sales. mortgage rates still close to all-time lows right now.
the dow staged and pulled lower today by u.s. senator harry reid and the idea that the markets would send the markets higher in late trading and even though the gains latt in the kay were trimmed. mitch wok nell tock to the fleb vp strategy. the weaker performers were financial, materials as well as utilities among the sectors offsetting late-day games we saw in discretionary and staple stocks low on initial consumer sentiment and the cliff. home builders today finished something very good....
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Dec 29, 2012
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with the u.s. closer to diving off the cliff than ever, monday is shaping up to be a pivotal day for the markets. should you, should an investor look for their emergency parachute, or should you stic this thing out? joining us right now, jonathan hoenig, portfolio manager at capitalist pig.com. spencer patton, chief investment officer at steel vine investments. jonathan, i have no choice but to stick it out. i'm a poor slob with a 401(k). so what do i do? i stick it out, right? >> well, what the president is putting you through, adam, what harry reid is putting you through, harry reid thinks the next 20 four hours are important? you're supposed to as investor be thinking long term. to leave this down to the last minute like this is cruel and is a distic to investors. one of the reasons you saw the tremendous drop today. you mentioned monday night being volatile. that is holiday day. it is thinly traded. with the fiscal cliff literally occurring you can bet it will be extremely volatile sunday and m
with the u.s. closer to diving off the cliff than ever, monday is shaping up to be a pivotal day for the markets. should you, should an investor look for their emergency parachute, or should you stic this thing out? joining us right now, jonathan hoenig, portfolio manager at capitalist pig.com. spencer patton, chief investment officer at steel vine investments. jonathan, i have no choice but to stick it out. i'm a poor slob with a 401(k). so what do i do? i stick it out, right? >> well,...
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>> i volunteered to go to vietnam, it was an advisory effort, it was not leading u.s. combat troops. a lot of people told me i was crazy. what are you doing this for? there is no career enhancement for you going over there and advising them and that sort of thing. i told them they don't understand. it is a sense of duty. i'm an instrument of war. i was not articulating my possession well. -- my position very well. then i saw "ben franklin in paris" and this wonderful last scene where ben franklin stands up about how will i find those americans then. will they love liberty given it to their crib for nothing. if you are not free you are lost without hope. and are they willing to die for it? that is one question that you have to ask, are you willing to die for it and the answer must be, yes, sir, i would. that is why i was going to vietnam. i have never forgotten those words. >> there's another point where you talk about the civilians in washington seeing too many rambo movies. >> there was an element pressuring, i felt, for us to take action when we were not prepared to
>> i volunteered to go to vietnam, it was an advisory effort, it was not leading u.s. combat troops. a lot of people told me i was crazy. what are you doing this for? there is no career enhancement for you going over there and advising them and that sort of thing. i told them they don't understand. it is a sense of duty. i'm an instrument of war. i was not articulating my possession well. -- my position very well. then i saw "ben franklin in paris" and this wonderful last scene...
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the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four from the state department with former state department insider. and later, russian president vladimir putin makes it illegal, that's what i said, illegal for americans to adopt russian orphans. this was the hole my waist was on. but since i've been on alli, am i on this one? nope. am i on this one? no, no, no, no, no. i am on this one. [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. belt-friendly. let's fight fat w
the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four...
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the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >> first off, i'm optimistic because it is a step in the right direction. all it is, is a step. big stuff to work on. >> that said and i talk a lot to counter parts, we are all operating in this mode we are in flat economies and a few bright spots around and you jump on those and anything with the solution, is pretty short term and there is a lot bigger stuff to do before we can grow the u.s. i'm a big optimist on the u.s. but we have work to do. >> david, in the lead up to this fiscal cliff deadline, a lot of ceos we have spoken to have said, just the uncertainty that the tax rates will b
the impact will be felt in just about every aspect of the u.s. economy, especially u.s. manufacturing. let's bring it n president of power systems. also david watham. they make a wide range of manufacturing product from packaging to containers. both of you, great to have you with us today. david, to you first of all. i don't know if you've been listening to the tv or radio or hearing about the headlines or the contours of the deal arising right now. what does it mean for your business? >>...
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the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four from the state department with former state department insider. and later, russian president vladimir putin makes it illegal, that's what i said, illegal for americans to adopt russian orphans. >> four individuals in the state department high level were going to lose their jobs if the secretary had accepted a resignation of eric boswell for example one of the heads of the security when the truth is he resigned in that position but he has his portfolio includes other positions within the state department. he hasn't been punish
the u.s. personnel we have thousands of people serving overseas. you have this incredibly damming report and internal report not even outside analysis. the president is saying sloppiness is what his quote was to us today. that's just inexcusable. >> well, i am sure that the families of those who were killed would agree with you. congressman jason chaffetz thank you for being with us this evening. >> thank you, judge. >>> coming up more on the so-called resignation of four...
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shawn, your firm was quick to downgrade the u.s. credit rating last year if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no, our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 for the current year. so we view this whole wrangling as a positive it's the first step to solving a problem is recognizing it. most people are recognizing the immediate problem of the federal budget deficit. >> that's a remarkably glass half full view of the world shawn. i appreciate that. let me take a look at world borrowing costs. this is gauge of how investors feel about a given country. sorn debt so if you're going to buy bonds of a country. a ten-year bond yield, 1.7%. switzerland, which doesn't have enough bonds to make a difference is about .5%. portugal at 7 and italy at 4.5. the point is that whether or not you or s&p or anyb
shawn, your firm was quick to downgrade the u.s. credit rating last year if we go over the cliff or lawmakers reach some sort of watered-down compromise, will you downgrade america again? >> no, our take on it is that it's a very positive sign that the government is wrestling with the immediate problem of the budget deficit. it was $1.4 trillion last year. it's probably going to come in at about $1.2 for the current year. so we view this whole wrangling as a positive it's the first step...
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british is a u.s. business. the activity that happens in the u.k. even if you have to describe it as sales activity which is not exactly what the people do, we can still go and get that activity from the open market at the kind of cost that we're paying the u.k. >> fallout from all of that led to starbucks saying it would pay $20 million pounds. it attributed to margaret hodges given the parliamentarian of the year award. now off to the house of lords where the government suffered a series of defeats in secret court hearings in civil cases. the government wanted the government to hear the evidence in what are closed closed material proceedings, which include the public, the media and even the american who brought the case. the intelligent services could be compromised. at the moment the government finds itself unable to defend some compensation claims for fear of blowing the government of secret agents or government sources. >> what i am worried about is that we're giving them the victory and actually legislating to underpin that victory. >> it's de
british is a u.s. business. the activity that happens in the u.k. even if you have to describe it as sales activity which is not exactly what the people do, we can still go and get that activity from the open market at the kind of cost that we're paying the u.k. >> fallout from all of that led to starbucks saying it would pay $20 million pounds. it attributed to margaret hodges given the parliamentarian of the year award. now off to the house of lords where the government suffered a...
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at the white house for almost six years, experience with the treasury department and also a former u.s. mint director. do you have any -- any feeling, any sort of inside feeling, if you like, about what's going on over there? >> yeah, you know, i've been there before, and can i say that all the parties truly wanted to come to some type of resolution, but they have kicked the can down the road so many times it's all the solutions that are left are extremely difficult ones with huge political and economic negative consequences, so from my perspective they are having so much difficulty trying to come to agreement. i'm shaving a little bit off of this year's deficit. we're going to have fiscal problems for as far as the eye can see, an here's where an investor, a smart investor is going to want to diversify, especially into things like tangible assets like gold. >> you're going to make the case for gold here, which, you know, has had a heck of a run for the last decade or so, but it has started to show signs of wear and tear. what would propel gold from here necessarily? >> well, two thing
at the white house for almost six years, experience with the treasury department and also a former u.s. mint director. do you have any -- any feeling, any sort of inside feeling, if you like, about what's going on over there? >> yeah, you know, i've been there before, and can i say that all the parties truly wanted to come to some type of resolution, but they have kicked the can down the road so many times it's all the solutions that are left are extremely difficult ones with huge...
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i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts government will appoint a place holder as john kerry is sworn in. 52% of voters have a favorable view of congressman ed marky. a third polled said they had never heard of him. in a pipethet kahypothetical election, joining me now rk, gentleman, i'm going to kill the suspension right now. with that poll, showing 48% would say today that they would vote for scott brown and 40% saying they would vote for ed marky, i'm declaring him for the winner to be. those numbers compared to the numbers you saw, hillary clinton way ahead of barack obama and that gap was closed. i think it is going to be closeable by ed marky. he has three million raised and ready to spend. >> yes, that gives him the opportunity to get his message out. and even though he has been in congress for 36 years, for 36 years, he has run from one little distri
i have decided to run for the u.s. senate because this fight is too important. there is so much at stake. his announcement came days, as others announced they will not run for the seat. the election will take place some time in june. massachusetts government will appoint a place holder as john kerry is sworn in. 52% of voters have a favorable view of congressman ed marky. a third polled said they had never heard of him. in a pipethet kahypothetical election, joining me now rk, gentleman, i'm...
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-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at letsfightfat.com. they don't help single moms. hi! hi! [ sarah ] what happened to our house last year? [ daughters ] it flooded and the water flooded out. yeah. [ sarah ] the red cross arranged the hotel for us. they gave me that break, that leverage, to be able to get it together and take care of them. you know? i feel like we've come full circle. [ daughter 1 ] like that! [ daughter 2 ] this is how i'll do it. [ sarah ] there you go. >> bret: peter lanza the father of newtown shooter adam lanza claimed his son's body. no word when they were claimed or
-- damage the u.s. economy? since i've lost weight i have so much more energy than i used to, when i'm out with my kids, my daughter's like, "mom, wait up!" and i'm thinking, "shouldn't you have more energy than me? you're, like, eight!" [ male announcer ] for every 2 pounds you lose through diet and exercise alli can help you lose one more by blocking some of the fat you eat. simple. effective. advantage: mom. let's fight fat with alli. learn more, lose more at...
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it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling. thank you. up next, the nra's response to gun violence? what else, more guns. the new battle over gun violence with chris matthews. you're watching "hardball" the place for politics. [ mother ] you can't leave the table till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! i just finished a bowl of your new light chicken pot pie soup and it's so rich and creamy... is it really 100 calories? let me put you on webcan... ...lean roasted chicken... and a creamy bro
it gives the government more money and will put off the actual kind of "d" day for the u.s. defaulting on its debt, only by a week or so. but, again, the real thing that should be scaring everybody is the thing that's coming in a couple of months. >> you know, we heard the president talking today about how mind boggling this is. you know, that normal people don't resolve their differences this way. i don't know how you can shuffle around money. that really is mind boggling....
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don't have the political will to do what's right and that is where all credit agencies will downgrade u.s. treasury bonds and that begins the ex-orable slide down to a very sluggish economy and maybe in the longer term losing our superstar economic status. >> not to mention all this time we'll be spending on this as time that is going to be taken away from other pressing things that need to get done by the congress in this new session. thank you, admiral and robert. happy new year to you both. >> same to you. >> also making news venezuelan president chavez is said to be in delicate condition after cancer surgery. he has not been heard from since december 11th when he had a fourth surgery. the question whether he will be at his swearing in on january 10th is touching off a possible constitutional crisis in that country. >>> the body of the newtown shooter has been claimed for burial. a spokesman for adam lanza's father says peter claimed the body. there is no word on when that happened or if there will be a funeral. >>> meantime for 200 sandy hook elementary school students, parents, and f
don't have the political will to do what's right and that is where all credit agencies will downgrade u.s. treasury bonds and that begins the ex-orable slide down to a very sluggish economy and maybe in the longer term losing our superstar economic status. >> not to mention all this time we'll be spending on this as time that is going to be taken away from other pressing things that need to get done by the congress in this new session. thank you, admiral and robert. happy new year to you...
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he said it was up to the u.s. senate and the white house to do something. the sad reality is that boehner is leading a dysfunctional caucus with a vocal minority of tea partiers who can hold up the chances for any deal. today harry reid accused boehner of caring more about his re-election as speaker than getting something done. take a listen. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> what is boehner's game plan? does he even have one? ryan grim is washington bureau chief for "the huffington post," and glen johnson is politics editor for boston.com. i worked on the hill for years. you cover the hill and know it. that was a very personal shot from harry reid. is it accurate to say, open question, that speaker boehner is worried about staying speaker? >> yes. he's definitely -- i think he's not worried abou
he said it was up to the u.s. senate and the white house to do something. the sad reality is that boehner is leading a dysfunctional caucus with a vocal minority of tea partiers who can hold up the chances for any deal. today harry reid accused boehner of caring more about his re-election as speaker than getting something done. take a listen. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated...
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that lockout cost the u.s. economy about $1 billion a day and it took more than six months to fully recover from. >> i have to think that a lot of retailers have already tried to make alternate plans because they were fearful this was going happen and so as a result have started to spend money. did some companies start airfreighting stuff instead which would be much more expensive because of this? >> this is the second time a lot of retailers have had to do contingency planning. when it was set to expire in september, a lot of companies started doing the contingencies then and then back in november they started planning for the potential strike and the contingencies included shipping product to the west coast and to the west coast ports and looking at an cade an ports and bringing products a lot earlier in the process and putting them in storage. >> wow! all right. a lot of complication and supply chain management is literally, you can major in it because it can be so complicated. jonathan, good to have you her
that lockout cost the u.s. economy about $1 billion a day and it took more than six months to fully recover from. >> i have to think that a lot of retailers have already tried to make alternate plans because they were fearful this was going happen and so as a result have started to spend money. did some companies start airfreighting stuff instead which would be much more expensive because of this? >> this is the second time a lot of retailers have had to do contingency planning....
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Dec 29, 2012
12/12
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how is it possible the u.s. senate does not pass a spending bill which constitutionally they are supposed to pass in over three years, over 13 hyundais and then elect the house republicans that did their job? how do we get to that point in it this argument? seems a little strange. >> it is incredible. it is an absolute obligation. it would be a common sense obligation on the part of congress to have a budget even if it weren't required by law but it is required by law and yet the senate democrats have still refused to produce a budget. that is a big part of the reason that we are in the mess we are in. we don't go through the normal process of figuring out how much we will spend, establishing the guard rails, putting the limits on the size of deficit and figuring out how we will reform the big programs. none of that happens and then we find ourselves back up against the wall with a situation like we are in now. a complete abdication of responsibility. >> sean: senator johnson we are dealing with everything but w
how is it possible the u.s. senate does not pass a spending bill which constitutionally they are supposed to pass in over three years, over 13 hyundais and then elect the house republicans that did their job? how do we get to that point in it this argument? seems a little strange. >> it is incredible. it is an absolute obligation. it would be a common sense obligation on the part of congress to have a budget even if it weren't required by law but it is required by law and yet the senate...
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Dec 29, 2012
12/12
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the u.s. becoming a communist country, which had apparently been polled by rasmussen got 11% approval, oddly. and then there was congress. 9%. 9% approval rating. that is not good, people. that was in 2011. now, according to gallup, congress is up to 18%. that is still awful. and even the people who serve in congress don't like congress, they hate congress. they are embarrassed by it. just listen to them. >> we have lacked the courage to face up, to deal with these issues. we here in washington are going to hurt the american economy. we're going to hurt americans at every level, and to me, it's just a travesty that we've not been willing to deal with this issue. >> americans believe congress is broken. the american people know, democrats and republicans, that this place isn't working and there need to be some changes. >> america people should not countenance this deal made in this gridlock. we're here to do our jobs in washington, and we're seeing this failure demonstrated time and again becau
the u.s. becoming a communist country, which had apparently been polled by rasmussen got 11% approval, oddly. and then there was congress. 9%. 9% approval rating. that is not good, people. that was in 2011. now, according to gallup, congress is up to 18%. that is still awful. and even the people who serve in congress don't like congress, they hate congress. they are embarrassed by it. just listen to them. >> we have lacked the courage to face up, to deal with these issues. we here in...
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Dec 28, 2012
12/12
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ashley: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time for citi price rewind. ecause your daughter really wants that pink castle thi. and youealldon't want to pay morehan you have to. only citi price rewind automatically searches for the lowest price. and it findone, you get rended the diffence. just use your citi card and register your purchase online. have a super spary day! ok. [ male announcer ] now all youeed is a magicarriage. citi price rewind. start saving at citi.com/pricerewind. ashley: barnes & noble spreading holiday cheer to investors. they could use it. the stock is jumping up 5%, making it our power mover
ashley: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time...
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Dec 29, 2012
12/12
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the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an unend to unemployment benefits for 2 million people could be on the way because of the fiscal cliff. congress, it's about to get a raise. it's part of an executive order that president obama issued which ends a pay freeze for federal workers. so salaries will go up by .5% after march 27th. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time lawmakers got a pay raise was in 2009. >>> this morning, i want to tell you about the fact that we know
the most unproductive in u.s. history. a review by the huffington post shows 219 bills have been passed this session, compare that to 383 bills passed by the previous congress and 460 by the group before that. currently, the 104th congress holds the title of least productive and to avoid that milestone, the current congress needs to send nearly 100 bills to president obama's desk in the next few days. >> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes...
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Dec 31, 2012
12/12
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been sick for a couple of weeks, she was due to testify on capitol hill about the terror attack on the u.s. consulate in benghazi, libya. that got delayed because of her concussion illness, first told food poisoning and concussion and now the associated press reporting secretary of state hillary clinton has been admitted to the hospital with a blood clot following her recent illness. as we learn more details and firm this up for ourselves here at fox news, via our journalists, we will bring you the update. a lot of happening on this hour of fox report. we'll move on now with what is planned. the final weekend of the nfl season and it did not disappoint. peter slegr of fox sports.com is here. and adrian peterson had a huge night, this is a typical rivalry. a state thing, green bay and minnesota. >> and a playoff on the lines for the vikings, they win on a last second field goal by the rookie walsh. and they'll play in the wild card round, the game of the year in the nfl and anybody watching could attest to that, a fantastically played football team and winner of the cowboys and redskins wil
been sick for a couple of weeks, she was due to testify on capitol hill about the terror attack on the u.s. consulate in benghazi, libya. that got delayed because of her concussion illness, first told food poisoning and concussion and now the associated press reporting secretary of state hillary clinton has been admitted to the hospital with a blood clot following her recent illness. as we learn more details and firm this up for ourselves here at fox news, via our journalists, we will bring you...
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Dec 23, 2012
12/12
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the u.s. economy is at stake here. millions upon millions of families are counting on us to do something. it is the president's job. it is his job to find a solution that can pass the congress. he is the only one who can do it. this is not john boehner's problem to solve. he has done his part. he has bent over backwards. mr. president, how about rallying the party around a solution? how about getting the democrats to find a solution? we cannot solve the problems we face unless and until the president of united states finds the will or develops the ability to lead. this is a moment that calls for presidential leadership. that is the way out of this. it is that simple. does anybody wonder why we keep going from crisis to crisis around here? does anybody notice a pattern? this does not have to be a crisis. this was an opportunity. once again, the president ignored it. he went out and held rallies and give partisan speeches even after it already been reelected. it is obvious this poinat this point that the president wants
the u.s. economy is at stake here. millions upon millions of families are counting on us to do something. it is the president's job. it is his job to find a solution that can pass the congress. he is the only one who can do it. this is not john boehner's problem to solve. he has done his part. he has bent over backwards. mr. president, how about rallying the party around a solution? how about getting the democrats to find a solution? we cannot solve the problems we face unless and until the...
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Dec 28, 2012
12/12
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an associated press analysis shows individual investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun control advocates talk about great laws in gun ownership if great britain. there's only one problem, they don't work. they seem to have made things even
an associated press analysis shows individual investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time...
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Dec 28, 2012
12/12
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did you know bill cohen got nominated and approved, unanimously, by the u.s. senate? >> john kerry is liked by more republicans than this guy. >> chuck schumer won't support -- >> a very different time. but we've got a record of democratic presidents picking republicans to be secretary of defense, bill cohen. this should fall -- >> they have a record of picking democrats. >> that is, in fact, the case. but let me ask you this, ana. as a republican, you raise the point that no one's coming to his defense, that's not really the case. there are a whole bunch coming to his defense, a bipartisan group of former secretaries of defense, let me name a few. they cosigned a letter in "the washington post" and let me read what they said. "we strongly object, as a matter of substance and as a matter of principle, to the attacks on the chark of former senator chuck hagel. mr. hagel is a man of unshakable character and integrity who has served his country in the most distinguished manner in peace and war." this is reagan's a second. that is a bipartisan group of highly respected pe
did you know bill cohen got nominated and approved, unanimously, by the u.s. senate? >> john kerry is liked by more republicans than this guy. >> chuck schumer won't support -- >> a very different time. but we've got a record of democratic presidents picking republicans to be secretary of defense, bill cohen. this should fall -- >> they have a record of picking democrats. >> that is, in fact, the case. but let me ask you this, ana. as a republican, you raise the...
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Dec 21, 2012
12/12
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nbc's mike viqueira is with us from capitol hill as is u.s. congressman nick mulvaney, republican from north carolina. also with us bob cass that and david corn of mother jones. of what concern are the fluctuations in the market in this whole process? >> well, i'm not too worried about the short-term fluctuations. i think you saw the dow was down 120-odd points. i think it's been down more than 100 points five times in the last 30 days. when the dow is at 13,000, 100 points is not that big a deal. i'm not too kerped about the short-term variations. i am concerned about the long-term effects on the economy and i think that's a real concern that people are right to have. >> the asked the question because as you will recall in the fall of '08 there was that 775-point drop at a time when there was a vote against the bush bank bailout. robert costa, of what extent do you think that's a factor in all this? are those with whom you speak on capitol hill concerned about the market and its reaction? >> no, i speak to some sources close to leadership ear
nbc's mike viqueira is with us from capitol hill as is u.s. congressman nick mulvaney, republican from north carolina. also with us bob cass that and david corn of mother jones. of what concern are the fluctuations in the market in this whole process? >> well, i'm not too worried about the short-term fluctuations. i think you saw the dow was down 120-odd points. i think it's been down more than 100 points five times in the last 30 days. when the dow is at 13,000, 100 points is not that...
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Dec 30, 2012
12/12
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. >> the u.s. senate has approved a $60.4 billion recovery package for areas devastated by super storm sandy, but the relief is hardly a done deal because the bill faces an uncertain future in the house. molly henneberg is live in washington to ex it. >> there are a couple of reasons why the sandy aid legislation may along wish in the house. price of the bill and number two the calendar. let's go to number one. some conservative lawmakers are uncomfortable with the $60.4 billion aid package passed by the senate. a congressman says congress needs to figure out where to get that money. >> i'm saying this is somebody who knows it may be me next. it may be my district. somebody has to pay for it. it's right thing to do. we can't continue to borrow this money to pay for things we wanted. we have to find that savings someplace else. >> reporter: the possible holdup in the house prompted the governors of new jersey and connecticut to send a letter to lawmakers leaning to them to approve the money. senate
. >> the u.s. senate has approved a $60.4 billion recovery package for areas devastated by super storm sandy, but the relief is hardly a done deal because the bill faces an uncertain future in the house. molly henneberg is live in washington to ex it. >> there are a couple of reasons why the sandy aid legislation may along wish in the house. price of the bill and number two the calendar. let's go to number one. some conservative lawmakers are uncomfortable with the $60.4 billion aid...
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Dec 31, 2012
12/12
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budget office, a fall over the fiscal cliff, which would happen at midnight tonight, would shrink the u.s. economy next year by a half a percent. unemployment would rise to 9.1%. the bush-era tax cuts would expire, hiking taxes in every bracket by an average of $3,400. americans making between $40,000 to $50,000 a year would see $1,700 in tax increases. millionaires would pay, on average, another $254,000, or about 11% of their income. 30 million more americans will have to pay the amt, the alternative minimum tax, originally designed to impact high-income earners. the payroll tax holiday which helped workers save about $1,000 a year will also end. tax credits from the 2009 stimulus bill will run out as well as several corporate tax breaks that need to be extended on a regular basis. overall, that is more than $550 billion in tax breaks set to expire. but that's only part of it. there's also a series of spending cuts that will also be triggered by the fiscal cliff. $1.2 trillion in sequestration will kick in beginning january 2nd. next year alone, $109 billion will be slashed. half from t
budget office, a fall over the fiscal cliff, which would happen at midnight tonight, would shrink the u.s. economy next year by a half a percent. unemployment would rise to 9.1%. the bush-era tax cuts would expire, hiking taxes in every bracket by an average of $3,400. americans making between $40,000 to $50,000 a year would see $1,700 in tax increases. millionaires would pay, on average, another $254,000, or about 11% of their income. 30 million more americans will have to pay the amt, the...
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Dec 27, 2012
12/12
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so the tax cuts and spending cuts, there's fear of another u.s. debt downgrade by the major rating agencies. >> will that happen, and will it derail any hopes of a real economic recovery? in today's "closing bell" exchange lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us. lee, on this news it seems as if the market is getting its hopes up. personally i feel i will believe it when i see it. would you agree? >> yeah. you should wait until this is actually the ink is dried. here's one thing that's really changed in sentiment over the last week, mandy. last week everybody was talking about having this deal baked into the bryce price. now all of a sudden, as if some miracles happened, traders are actually talking about buying more puts and putting on more hedges. i can tell investors out there that it doesn't matter if december 31st we have a deal
so the tax cuts and spending cuts, there's fear of another u.s. debt downgrade by the major rating agencies. >> will that happen, and will it derail any hopes of a real economic recovery? in today's "closing bell" exchange lee munson and jared bernstein, cnbc contributor and former chief economist under vice president joe biden. we'll hopefully get andrew in a second, and we also have rick santelli who joins us as always at this time. gentlemen, fantastic to have you with us....
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Dec 1, 2012
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later, we will hear from the president of the european parliament on the eu and u.s. partnership. >> this morning, robert van order talks about the forgiveness of the mortgage debt relief act. then, we will look at the preparations for the 113th congress chris bradford stitch -- with bradford fitch. later, the
later, we will hear from the president of the european parliament on the eu and u.s. partnership. >> this morning, robert van order talks about the forgiveness of the mortgage debt relief act. then, we will look at the preparations for the 113th congress chris bradford stitch -- with bradford fitch. later, the
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Dec 28, 2012
12/12
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they handle 40% of all u.s. container cargo. major steps have been made toward resolving the ongoing dispute. >> believe it or not, the holiday season is still in full swing. if you're looking for ways to stay in the christmas spirit, there is one place sure to spread cheer. one man's home has become an annual yuletide exhibit, but this display may truly encompass the real meaning of the season. jennifer franciotti has the details. ♪ >> the lights are exquisite. more than 45,000 of them blinking in unison since november 27th complete with holiday carroll's, the star of david, and several christmas trees. he spent more than 50 hours. together his home for the holiday season and they have been looking forward to his nontraditional display for years, it is are actually part of a massive effort for charity. >> i do it to raise awareness for casa, a court-appointed special advocates for foster children. >> a volunteer with casa, he has shared this for the third consecutive year. he has raised over $2,000 so far and organization off
they handle 40% of all u.s. container cargo. major steps have been made toward resolving the ongoing dispute. >> believe it or not, the holiday season is still in full swing. if you're looking for ways to stay in the christmas spirit, there is one place sure to spread cheer. one man's home has become an annual yuletide exhibit, but this display may truly encompass the real meaning of the season. jennifer franciotti has the details. ♪ >> the lights are exquisite. more than 45,000...